ALLcrimesfood&drugstaxestelecomcommercehealthconservationtransportationagricultureveteransbrowse all titles »
0

42 U.S.C. § 15873Deposit and use of geothermal lease revenues for 5 fiscal years

submitted 21 years ago by Pub. L. 109-58 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 160 words · no verdicts yet

in plain englishAI-generated · not legal advice

For the first five years after this law passed, geothermal lease money went into a special Treasury account. State and county shares were excluded. The Interior Secretary can spend that money without new appropriations to run the leasing program.

(a) Deposit of geothermal resources leases. Despite any other law, money the United States received in the first 5 fiscal years after August 8, 2005 — from rentals, royalties, and other payments under leases issued under the Geothermal Steam Act of 1970 — had to go into a separate Treasury account. This excludes the portion of that money that must go to state and county governments. (b) Use of deposits. The Secretary of the Interior can spend the money in that account, without needing a new appropriation and without any fiscal-year time limit, to carry out the Geothermal Steam Act of 1970 and this Act. (c) Transfer of funds. To coordinate and process geothermal leases and use authorizations on federal land, the Secretary of the Interior can spend or transfer as much of that money as needed to the Forest Service.
the actual law source: uscode.house.gov ↗public domain
(a) Deposit of geothermal resources leases

Notwithstanding any other provision of law, amounts received by the United States in the first 5 fiscal years beginning after August 8, 2005, as rentals, royalties, and other payments required under leases under the Geothermal Steam Act of 1970 [30 U.S.C. 1001 et seq.], excluding funds required to be paid to State and county governments, shall be deposited into a separate account in the Treasury.

(b) Use of deposits

Amounts deposited under subsection (a) shall be available to the Secretary of the Interior for expenditure, without further appropriation and without fiscal year limitation, to implement the Geothermal Steam Act of 1970 [30 U.S.C. 1001 et seq.] and this Act.

(c) Transfer of funds

For the purposes of coordination and processing of geothermal leases and geothermal use authorizations on Federal land the Secretary of the Interior may authorize the expenditure or transfer of such funds as are necessary to the Forest Service.

Source credit: (Pub. L. 109–58, title II, § 234, Aug. 8, 2005, 119 Stat. 671.)

history & why it existsrecord from the source credit
  • 2005Enacted · Pub. L. 109-58 · 119 Stat. 671

A history note hasn’t been published yet. The record shows enactment by Pub. L. 109-58 on 2005-08-08.

all 0 arguments · sorted by: best

0/280

no arguments yet — make the first case